High Street Closure - Nipper the dog is looking for a new home (HMV's Closing Down).

[SiHart]

He has a point. Even Bracknell has a book shop!

Si xx

[Andrew Curnow]

Even Holsworthy has a book shop!

[Larry]

He has a point. Even Bracknell has a book shop!

Si xx

wasn't there also a 2nd hand book shop just a few doors along from where woolworths was or am I just imagining that..

[WhiteCrow]

Theres a book store in Farnborough called the Book Brothers, and one of the guys who works there looks suspiciously like Si Hart moonlighting!

[SiHart]

I don't have time for moonlighting.

Si xx

[Pip Madeley]

I don't have time for moonlighting.

Si xx

I do, Bruce and Cybil were a great pairing.

[Matthew T]

Zavvi announces 22 store closures

http://news.bbc.co.uk/1/hi/business/7817531.stm

I'm gonna go pick over the corpse of Zavvi like a foul bedraggled vulture tomorrow. I missed out on Woolworths cos ours closed back in the Summer

[Larry]

Zavvi announces 22 store closures

http://news.bbc.co.uk/1/hi/business/7817531.stm

I'm gonna go pick over the corpse of Zavvi like a foul bedraggled vulture tomorrow. I missed out on Woolworths cos ours closed back in the Summer

bit supprised the zavvi, branch in Reading is not on the list especialy when you consider that Reading town centre has 2 HMV shops and WH Smith also has a larg selection of cd's and DVD's.

[Matthew T]

Picked up a few bargains in Zavvi, not too much though as it's only 20% off everything at the moment. Did get the complete Carry On set for £31 though! Plus a few Blu-Rays for 11.99 and some dirt cheap dance CDs.

[Rob McCow]

They're closing my favourite stores! (Well, Watford and Picadilly).

The administrators of music, games and DVD chain Zavvi have announced it is closing a further 18 stores with the loss of 353 jobs.

The group's flagship store in Piccadilly in London, which employs 110 people, is one of the shops to go.

The remaining 74 stores throughout the UK will remain open. The administrator is still hoping to sell the business as a going concern.

STORE CLOSURES AND JOB LOSSES
Basingstoke, 16
Belfast (Castlecourt), 22
Cambridge, 10
Cheshire Oaks (Outlet Village), 11
Crawley, 18
Londonderry, 15
Edinburgh (Gyle), 13
Gateshead, 12
Glasgow (Argyle St), 18
Grimsby, 9
Hull, 19
Newry, 11
Newtonabbey, 11
Piccadilly (Tower), 110
Romford, 13
Stevenage, 10
Watford, 24
Woking, 11

"Despite having received in excess of 70 expressions of interest, we have not received any offers for the store portfolio as a whole.

"Consequently, with reducing stock levels, we have had to manage the cost base of the business and close a further 18 stores," said Tom Jack at administrator Ernst & Young.

Last week, the administrator closed 22 Zavvi stores.

Zavvi's main supplier was Woolworths' unit Entertainment UK (EUK), which went into administration in late November. Since then, Zavvi has had difficulties in sourcing stock and has been forced to enter new trading arrangements.

The Zavvi group is the UK's largest independent entertainment retailer. It was formed after a management buy-out of the Virgin Megastore division of the Virgin Group in September 2007.

I'm pretty sure that leaves them with the Oxford Street branch... and nothing else. The Oxford Street branch must have massive overheads, I'd have thought they would want to get rid of it.

[SiHart]

I suppose the Oxford Street store is worth keeping because of its prime position. If nothing else the value of the land there will be high.

Are we going to go to the Watford store one last time before it closes?

Si xx

[Dirk Gently]

I doubt that Zavvi actually own the store on Oxford street. They are more likely to rent/lease it.

[SiHart]

I hadn't thought of that Tim, but it is still a prime retail position.

Si xx

[Larry]

I hadn't thought of that Tim, but it is still a prime retail position.

Si xx

whuch considering the huge amount they must have to pay each year in rent for a shop on oxford street you'd of thought this would of been a shop they would of closed.

[Anthony Williams]

whuch considering the huge amount they must have to pay each year in rent for a shop on oxford street you'd of thought this would of been a shop they would of closed.

well, it really depends on how much they make out of it.

If the rent/profit ratio is still higher than the closed shops, then it's worth keeping it open.

The Reading branch will be remaining open, although I have never been in - I much prefer HMV (especially with my Waterstone's staff discount card, which gets me 20% off in HMV )

Ant x

[Zbigniev Hamson]

But.... it says in the report that 74 other branches will be remaining open, so how can it only leave them with the Oxford Street store? Or are you just talking about in London

[Captain Tancredi]

About half of those branches do seem to be in the sort of outer suburban sprawl, for want of a better phrase. I was in the Leeds one yesterday and about a sixth of the DVD section was empty.

It does make me wonder whether the administrators have had some interest in a core of perhaps 30 or 40 stores and are whittling away until one of these offers comes into play.

[Simon R]

They've apparently sold the fairy large Peterborough store to HMV, even though HMV have a store there already albeit a fairly small one.

[Larry]

They've apparently sold the fairy large Peterborough store to HMV, even though HMV have a store there already albeit a fairly small one.

was reading the Daily Mail, today and aparantly HMV, have taken over at least a dozen or so of the zavi, shops...

[SiHart]

More Zavvi stores are going:

Birmingham
Bromley
Canterbury
Colchester
East Kilbride
Exeter
Ipswich
Kensington, London
Kings Road, London
Merry Hill
Newcastle
Norwich
Oxford
Stirling
Taunton

Si xx

[Simon R]

and still the (Harlow) lobster held on!

[Larry]

and still the (Harlow) lobster held on!

and Reading..

[Fatso the wombat]

Doesn't surprise me that the Oxford one's going - it was about half empty of stock; lots of bare shelves when I was in there Monday morning this week.

The Reading one, despite the removal of some of the lower shelving, still looks like a full shop and a "going concern".

[Larry]

The Reading one, despite the removal of some of the lower shelving, still looks like a full shop and a "going concern".

well I think that might be more to do with there being 2 HMV shops in Reading rather then the zavi shop being well stocked also the location of the zavi in Reading dosen't help. Most people coming into Reading want to shop in the oracle or those shops next to it and won't really want to have to walk up to the other end of the town centre to shop,

[P-Bal]

Odd that Coventry clings on!